Narrow search
Showing 1 - 4 of 4
Cover Image
Matching labor’s share in a search and matching model
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2011
I evaluate the degree to which different wage-setting mechanisms in labor market search models can fit the aggregate facts on labor’s share. I find that staggered bargaining in nominal wages best allows the model to plausibly match the negative relationship between labor’s share and lagged...
Persistent link: https://www.econbiz.de/10009292397
Cover Image
Evaluating the performance of the search and matching model with sticky wages
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2010
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching models while preserving individual rationality. I evaluate the quantitative implications of such an approach. I feed through a series of estimated shocks from US data into a search...
Persistent link: https://www.econbiz.de/10009021626
Cover Image
Sticky prices, fair wages, and the co-movements of unemployment and labor productivity growth
Tripier, Fabien - EconWPA - 2005
This paper studies the co-movements of unemployment and labor productivity growth for the U.S. economy. Measures of co …
Persistent link: https://www.econbiz.de/10005126134
Cover Image
A New Keynesian Model with Unemployment
Blanchard, Olivier; Gali, Jordi - Institut für Weltwirtschaft (IfW) - 2007
We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doing so, we combine …-Mortensen-Pissarides model, with its focus on labor market frictions and unemployment. In developing this model, we proceed in two steps. We … effect on unemployment in the constrained effcient allocation. We then focus on the implications of alternative real wage …
Persistent link: https://www.econbiz.de/10005700626